HelenP. I Gold will break support level and fall to trend line

13 Kas

Hi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️

14 Kas

İşlem kapandı: hedefe ulaştı

Great! Gold broke support level and dropped to my goal!